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Bank of America: up to $500 bonus

Personal checking (Advantage SafeBalance, Advantage Plus or Advantage Relationship) · Checking

AI summary Open an eligible checking account through the offer page and get $2,000+ in direct deposits within 90 days.

Up to $500Advertised bonus
$500Estimated net bonus
$0Account feesfee waived by meeting offer terms (per bank)
150 daysHold period
Jan 31, 2027Ends

Janet read the fine print. By her math, no fees come out of this one.

Steps

  1. Open an eligible checking account through the offer page
  2. Get $2,000+ in direct deposits within 90 days

Bank's terms

All details from the bank's page
Requirements
Open a new eligible personal checking account through the offer page by Jan 31, 2027. Receive qualifying direct deposits within 90 days of opening: $2,000-$4,999 = $100; $5,000-$9,999 = $300; $10,000+ = $500.
Account fees
Account fees: $0, fee waived by meeting offer terms (per bank). Advantage Plus monthly maintenance fee: $12 a month × 5 – waived ($0 in each statement cycle with a $250+ qualifying direct deposit, met by the offer's direct deposits if they recur monthly). Counted over 150 days (hold period, 150 days).
Estimated net bonus
Estimated net bonus $500 ($500 minus $0 fees)
Hold period
Direct deposits count for 90 days; the bank attempts to pay within 60 days after that, and the account must stay open until the bonus is paid. For the estimate: 150 days (90-day Deposit Period plus up to 60 days to pay; open until paid).
Estimated effective yield
No deposit has to stay in the account, so there is no estimated effective yield; the hold is how long the account must stay open.
Direct deposit
Required ($2,000+ total)
Deposit / balance
not stated
Time to complete
90 days (as stated)
Payout
Bank says it will attempt to pay within 60 days after the 90-day period and requirements are met
Keep open / early close
Account must be open and in good standing up to and including the date the bonus is paid. No other early-close term stated.
Eligible states
not stated
Lookback rule
Not for anyone who owned or co-owned a Bank of America personal checking account in the last 12 months. One bonus per account and per customer.
Deadline
Jan 31, 2027

Source: promotions.bankofamerica.com/en/offers/chooseyourchecking500 · Last verified Nov 1, 2026, 1:07 AM CT · How we estimate

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